produced by the banks themselves. The paper concludes that, even though bank-firm relations are still deeply embedded in …

historical relationship with Treasury yields, leading to significantly and persistently easier mortgage credit conditions. We …We document the emergence of a disconnect between mortgage and Treasury interest rates in the summer of 2003. Following … the end of the Federal Reserve expansionary cycle in June 2003, mortgage rates failed to rise according to their …

This paper examines the pass-through from the market interest to the rate charged on bank loans using aggregate data … for the U.K. Thereby, we explicitly disentangle credit supply and demand and allow the interest rate charged on loans to …

mechanism emanating from bank markups that would entail an amplification of macroeconomic fluctuations. But also the evidence …

changes during the last ten years in the Estonian benefit system have influenced the incentives. As Estonia belongs to the …

. At the same time, they increase household leverage and heighten dependence on mortgage refinancing to escape changes in …

In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale … complete the foreclosure process, and go to zero about a year after the bank sells the property to a new homeowner. The … mortgage distress on house prices. …

done to stop it. We use an economic model to focus on two key decisions: the borrower's choice to default on a mortgage and … illustrate that unaffordable loans, defined as those with high mortgage payments relative to income at origination, are unlikely …